Skip to main content

Diana Shipping enters an agreement with BNP Paribas that sets seventeen of its vessels unencumbered

Published by
Dry Bulk,

On 20 June 2018, global shipping company Diana Shipping Inc. signed a term sheet with BNP Paribas for a five-year loan facility of up to US$75 million, subject to loan documentation.

According to dry bulk shipping specialist, the proceeds from the loan facility together with available cash are to be used to voluntarily prepay in full the balance of US$130 million of the existing credit facility with BNP Paribas. The new loan facility will result in 17 of the company’s vessels being unencumbered.

As of this agreement, the combined carrying capacity of the company’s fleet is approximately 5.8 million DWT with a weighted average age of 8.84 years.Diana Shipping Inc.’s fleet currently consists of 50 dry bulk vessels (4 newcastlemax, 14 capesize, 5 post-panamax, 5 kamsarmax and 22 panamax).

Read the article online at:

You might also like

Kabel Schlepp

WEBINAR - Key criteria to ensure proper selection of a cable drag chain

In this webinar KabelSchlepp will review and discuss the items needed to ensure that a cable track is properly selected and sized for the user’s application. How diameters and weights of the fill package effect cable track selection and how the jacket material of the fill package influences the cable track design. Register for free today »


New Bedeschi project for Kima

The project is for the transportation of fresh urea from granulation to bagging silos or to urea bulk storage.


Embed article link: (copy the HTML code below):